Market News


The Incredible WaterColours Residences - Sept 2013

Publish Date : 25 Sep 2013

THE INCREDIBLE WATERCOLOURS – This will be the first time, in the Cayman Islands, that a beachfront residential development on Seven Mile Beach has integrated many of the services and amenities of a 5 star hotel into their operations.  A more private, yet all inclusive lifestyle is afforded, for those who do not want the annoyance that daily tourist rentals can sometimes present.

Some of the services and amenities being offered, are as follows:

  • State-of-the-art beachfront fitness studio
  • Beachside infinity pool with 200 feet of vanishing edge
  • 24 hour manned security
  • Private massage room
  • Beachfront owner’s conservatory with wine storage and chef’s kitchen
  • Concierge services and valet parking
  • Owner’s guest suites and boardroom
  • Private underbuilding parking and storage
  • On-site luxury car service

The WaterColours was awarded the “Best Development, Multiple Units” for both the Cayman Islands and Caribbean, presented at the International Property Awards ceremony in London, England last year, for a good reason.  From the construction excellence to the uncompromised prestigious finishes, we are fortunate that the Cayman Islands have received this fine distinction and worldwide recognition.

While WaterColours has focused on the most discerning Purchaser, there is no argument that the price point is still a bargain for anyone looking for the best value for money.  This is due to sheer coincidence in the timing of the development.

WaterColours was able to be built higher because of a change in the height restrictions and thereby able to reduce all of their listing prices by US$1.1 million per residence.  They went from a good value to undervalued, virtually overnight and continued to sell through the worst recession/depression ever experienced in the Cayman Islands.

Prices are currently from US$2,950,000 for a 3600 square foot, beachfront 3 bedroom/3.5 bathroom, plus den, plus laundry room residence.  There are also 4 bedroom/4.5 bathroom and 6 bedroom residences for sale.  Over half the development is sold and sales activity has substantially increased over the last year.

Locally renowned design firm, International Design Group (IDG), has partnered with the Developer for the interior design of WaterColours.  They have designed the common areas, such as the owner’s lounge and guest suites, which have been designed and furnished to 5 star standards.

IDG is also providing a turnkey package of customized interior design and furnishings for individual owners who want to avail themselves of their services.  There is a WaterColours Showroom at IDG’s main showroom in 7 Mile Shops, featuring a display of the various finishes, hardware, and fixtures for all of the residences.

WaterColours will complete in early 2013.  It is heralded as an exciting, new echelon in residential living on Seven Mile Beach.  Kim Lund is one of the exclusive Brokers at RE/MAX Cayman Islands for WaterColours.

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